The table shows the value of Canadian shares bought by UK pension funds in two consecutive quarters.
| Quarter | Canadian shares bought by UK pension funds |
|---|---|
| Previous quarter | £1.2 billion |
| Current quarter | £2.8 billion |
Using the information in the table, explain what is likely to happen to the value of the pound against the Canadian dollar in the foreign exchange market.
53 exam-style questions on OCR GCSE Economics 4.3 Exchange rates, covering 4.3.1 Draw how exchange rates are determined, 4.3.2 Analyse how exchange rates are determined, 4.3.3 Calculate currency conversion, 4.3.4 Analyse exchange rate data, and 4.3.5 Effect of exchange rate changes. Each one has a worked solution and a mark scheme showing where the marks go.